The next-generation version of 5G that uses high-frequency radio waves is referred to as 5G mmWave technology. The high-frequency radio waves, called millimeter waves, send and receive data with ultra-fast internet speed and minimum delay. These waves are known to offer higher data transfer rates without creating a lag in the network.
The global 5G mmWave technology market accounted for $2.6 billion in 2022 and is expected to grow to $10.1 billion by 2032, reaching a CAGR of 14.7% from 2023 to 2032.
Adoption of high bandwidth in various sectors
5G mmWave is known to support higher data rates, which help enable seamless streaming and quick downloading as it offers wider bandwidth than the traditional range spectrum (between 24 GHz and 100 GHz).
Thus, it is ideal for large-scale IoT deployment projects, where there is a need for the connection of different devices simultaneously. This technology is also useful in various autonomous applications, including vehicles, robotic surgeries, warehouse automation, and more, where real-time interaction is crucial.
In addition, 5G mmWave technology is integrated with vehicle-to-everything (V2X) communication to enhance safety in different vehicles and navigation in autonomous vehicles.
5G mmWave technology is used to manage real-time traffic and public safety systems in smart cities. It is used in healthcare for remote diagnostics. It is also used in autonomous vehicles, where data is exchanged in real-time to enable safe navigation. In contrast, in logistics, it is used for warehouse automation and real-time management of the inventory.
Moreover, this technology is also used in wearable devices and smartphones, online gaming, and other applications. By providing high-frequency bands required for seamless wireless communication, the mmwave spectrum plays a crucial role in enabling various applications of 5G mmWave technology.
A look into the upcoming advancements in mmWave technology
There is an increase in demand for low-delay communication, along with a rise in the need for networks that handle more data and stable connections. In addition, governments across the world have started prioritizing 5G infrastructure rollout to boost economic development and enhance digital services. This increases the demand for 5G mmWave technology among its end-users.
The 5G mmWave industry is experiencing a shift in consumer preferences, driven by industry needs and new trends that aim to maximize the benefits of mmWave technology. There is a surge in focus on network security improvement associated with quick data transmission. It is important to create strong systems that help enhance the safety of user data.
Furthermore, a shift in trend towards eco-friendly technology is encouraging companies to enhance their processes and reduce energy consumption during 5 G setup.
Furthermore, 5G mmWave antennas use beamforming technology to send signals directly to specific areas, which helps improve speed and connection quality. Traditional antennas spread signals in all directions, like a floodlight lighting a large area.
However, beamforming antennas work like a flashlight, focusing the signal on a specific spot and reducing unwanted signals. Thus, adoption of advanced antenna technology is gaining popularity to enhance 5G network performance, in turn, fostering the demand for 5G mmWave technology.
Recent developments shaping the sector
In March 2024, Nokia, a telecommunications and technology company, launched its Airscale 5G range, which uses advanced mmWave technology to boost network capacity and reduce delays, particularly in urban and industrial areas.
In February 2023, Cisco and NEC Corporation, technology companies, announced a partnership to deliver system integration solutions, upgrading 5G xHaul and private 5G to help customers improve their systems and extend connectivity.
In January 2024, Qualcomm introduced the Snapdragon X70 modem, which features enhanced AI capabilities for optimization of signal quality in various environments. This helps enhance mmWave connectivity for its users.
Conclusion
5G mmWave technology plays a key role with its ability to deliver high-speed data connectivity and reduce delays. It transforms industries such as healthcare, automotive, logistics, manufacturing, and entertainment, despite deployment and coverage challenges.
With ongoing advancements in network design, software, and hardware, there is an expected increase in the demand for 5G mmWave technology among its end users. In addition, the rise of smart cities and autonomous vehicles also plays an important role in the surge in deployment of 5G mmWave technology in different sectors.
